UAE gross bank assets amount to $777bln | ZAWYA MENA Edition:
The UAE gross bank assets amounted to AED2.854 trillion by the end of November 2018, 6.00 percent up from AED2.694 trillion by the end of December 2017, according to Central Bank of UAE statistics released today.
Gross credit increased to around AED1.653 trillion by the end of November, a growth of 4.6 percent from AED1.58 trillion in December last year.
Domestic loans received by the private sector rose from AED1.086 trillion in December 2017 to around AED1.132 trillion by the end of November, with retail loans amounting to AED338.6 billion by the end of November from AED337.5 billion from December last year.
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